Jack Reed actually said...

Having listened to that, it is, I think, very insightful, and it seems to be a great approach.

The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.

When self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the storm.

We depend on that when it's fully up to be about 40 percent to almost 90 percent of the movement of passengers.